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Rite Aid Ch. 11 Stay Doesn't Apply To Execs, Investors Say

By Emily Lever (January 17, 2024, 6:34 PM EST) -- Rite Aid shareholders urged a Pennsylvania federal court this week to not pause their class claims alleging company executives made misleading statements about the pharmacy retailer's opioid-related liabilities, asserting that the individuals named in the lawsuit are not covered by an automatic stay in the firm's ongoing Chapter 11 case....

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